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EICHER MOTORS LTD.EICHER MOTORS LTD.EICHER MOTORS LTD.

EICHER MOTORS LTD.

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EICHERMOT trade ideas

EICHERMOT : Riding on WAVE C on weekly Chart**Swing Trade Opportunity Analysis 🔄📈** EICHERMOT has successfully concluded its ABC structure on both Intermediate and Primary Chart setups, finalizing its WAVE 4 correction on the daily chart. The stock appears poised for a reversal, setting the stage for WAVE 5 on the daily chart. Considering this, we recommend a Buy position with a strategically placed tight Stop Loss for minimal risk exposure. This trade is anticipated to offer a favorable Risk/Reward ratio, enhancing the potential for a rewarding outcome. *Note: Execute trades judiciously and adhere to risk management principles. Happy trading!*
NSE:EICHERMOTLong
by LiveTradingBox
**EICHERMOT - Accelerating Towards New Horizons** 📈 **Market Momentum:** EICHERMOT is currently in the spotlight, exhibiting a compelling rise in both price and volume over the last few sessions. The stock has not only reached a new one-year high but is actively trading with substantial volume, underlining the strength of its market position. The latest tick echoes a robust price surge, further supported by strong volume, a clear indication of sustained bullish momentum. 📊 **Technical Indicators:** The MACD/Signal line bullish crossover and its sustained nature add a robust technical confirmation to the positive market sentiment. The stock is trending up nicely, consistently achieving consecutive new highs, showcasing a compelling upward trajectory. 💡 **Breakout Confirmation:** Evidenced by a positive breakout and a continuous upward trend, EICHERMOT is not just meeting expectations; it's exceeding them. Both daily and weekly Heikin Ashi patterns signal a bullish continuation, underscoring the potential for sustained upward movement. 📅 **Recent Performance:** As of November 15, 2023, EICHERMOT reached a high of ₹3860, closing at ₹3848.30, further solidifying its position as a top performer. Looking back, on November 1, 2022, the stock was at ₹3889.65, and by June 2, 2023, it was at ₹3748. These levels demonstrate the stock's resilience and ability to recover and surpass previous highs. 📊 **Trade Recommendation:** Capitalizing on this robust performance, consider going long above ₹3860, with a strategically placed stop loss below ₹3429. This trade aligns with the recent positive trend and positions traders for potential continued gains. 🚀 **Why Act Now?** EICHERMOT is not just a stock; it's a journey towards new horizons. With a strong one-year high, positive breakout, and consistent bullish patterns, this is an opportunity to ride the upward momentum! 📈💰 #EICHERMOT #BullishTrend #StockMarketOpportunity #FinancialSuccess #TradeSmart 🚀📊
NSE:EICHERMOTLong
by ruelfernandes